9864 Cadillac DrLakeMI48632
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Lake at 9864 Cadillac Dr, Lake, MI, 48632 earns $211/mo cash flow from $1,193/mo rent with a $729/mo payment. Total monthly income totals $1,193/mo, and annual cash flow totals $2,528/yr on $49,394 capital. ROI tracks 25.03% on current figures, and rental yield reads 9.61% at a $149,000 purchase. Equity gained on principal adds $961/yr, and 5% annual appreciation supports $41,166 over five years. Five-year ROI reaches 130.86% and total cumulative return in cash sums $64,636. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,193/mo property income instead of your personal income.
Single Family
Built in 1982
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48632, Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,897 (100%) |
| Owner Occupied HU | 2,161 (44.1%) |
| Renter Occupied HU | 327 ( 6.7%) |
| Vacant Housing Units | 2,409 (49.2%) |
| Median Home Value | $154,104 |
| Average Home Value | $203,006 |
Housing Distribution
Address Breakdown
Residential
2,852
Single Family
2,852
Multi-Family
0
Businesses
42
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